Polymer Grade Propylene (PGP), PCW Mont Belvieu Future

Description

A monthly cash settled future based upon the average of the daily
prices published by PetroChem Wire for the location specified in
Reference Price A

Market Specifications

Trading Screen Product Name

Propylene PCW Futures

Trading Screen Hub Name

MT.B

Commodity Code

PPL

Settlement Method

Cash settlement

Contract Size

100,000 pounds

Currency

US Dollars and cents

Minimum Price Fluctuation

One thousandth of one cent ($0.00001) per pound

Listing Cycle

Up to 36 consecutive monthly contract months

Last Trading Day

Last Trading Day of the contract month

Final Settlement

Average of Reference Price A prices

REFERENCE PRICE A

MONOMERS–PGP FOB MT B EPC–PETROCHEM WIRE

a) Description

"MONOMERS–PGP FOB MT B EPC–PETROCHEM WIRE" means that
the price for a Pricing Date will be that day's Specified Price per
pound of polymer grade propylene, stated in US Dollars, published
under the heading "Closing Markets – Monomers – PGP MT
B FOB" in the issue of Petrochem Wire that reports prices effective
on that Pricing Date